Greenidge
New York-Based Power Plant Greenidge Generation Mines $50,000 Worth of Bitcoin on a Daily Basis
Greenidge’s 65,000-square-foot facility was initially built in 1937 as a coal plant before eventually being closed down in 2011. The plant remained dormant for five years before Atlas Holdings, Connecticut-based private equity company, converted it into a natural gas plant in 2016 to generate clean energy. Because of the high power that crypto mining machines use in their operations, countries have initiated stricter measures to discourage miners from conducting their mining activities. Some of these measures involve increased electricity fees, which have compelled most miners to move to other cities with favorable electricity billing.
Greenidge Generation’s Bitcoin Mining Production Rose 18% in June
Greenidge produced 230 Bitcoins in June, an increase of 18% compared to production seen in May. The company also has ordered additional 200 mining machines to be on delivery to increase its mining ability.
Greenidge Generation Recruits New Executive Leaders, Forecasts Losses in Q3
Bitcoin mining company and zero carbon power plant supplier Greenidge Generation has announced a transition of leadership and a possible loss in Q3
Greenidge Secures $100m Fund, Aims to Enlarge Operations in U.S.
Greenidge Generation Holdings has secured $100 million in funds to help in enlarging its operations in the US.
South Carolina to Play Home for Greenidge's 175 Acre Crypto Mining Farm
Nasdaq-listed Greenidge Holdings has announced its plans to establish a new data center for mining cryptocurrencies in Spartanburg County, South Carolina State.
US Senator Questions Bitcoin Mining Firm on Environmental Impact
US Senator Elizabeth Warren questioned bitcoin mining firm Greenidge Generation Holdings about the impact of its operations on power prices, climate change and the local area as part of her efforts to tackle the negative consequences of cryptocurrency mining on the environment.
Greenidge Commits to Being 100% Carbon Neutral for Its Bitcoin Mining Facility Starting June 2021
Greenidge Generation Holdings Inc. plans to offset all carbon emissions from its Bitcoin mining facility, starting June 1st, 2021.
New York State Denies Air Permit to Greenidge Crypto Mining Facility on Seneca Lake
Greenidge Bitcoin mining firm has been denied air permit by the regulator in a move that could lead to the retrenching of hundreds of workers in the crypto mining sector.